November 2009

Brentwood Homes Price Value Analysis

November 28, 2009 by admin · Comments 

I was recently asked by a client to research all available homes in Brentwood priced above $500,000 that were built after 1997 and have at least 4,000 square feet, 4 bedrooms, 3 bathrooms and a 3 car garage. This particular executive client is in search of a primary residence in Brentwood, but would like to [...]

West End Condo Auction Details

November 27, 2009 by admin · Comments 

The West End condo auction in Nashville is set to take place at 11:00am on Saturday, December 5th onsite in the West End itself. 45 condos will be sold at auction with an unknown reserve price in place. However, in an announcement made just yesterday, the auction will now include a yet undisclosed number of [...]

Thanksgiving Real Estate Humor

November 26, 2009 by admin · Comments 

I don’t know about you guys, but I know way too many property owners who are feeling like the turkey on the left. In an effort to show you that your situation could always be worse, here are a three mega tales of real estate loss…I hope these make you feel just a little bit better:
The $200 [...]

Terrazzo Re-Prices 30 Condos at Auction Rates

November 24, 2009 by admin · Comments 

In a move that has both shocked some people and delighted others, the sellers of the Terrazzo condos in Nashville have decided to extended the auction prices. Although these prices do not currently appear on the MLS, they are available on the Terrazzo’s website and were direct emailed to all of the buyers and agents [...]

30 Year Home Mortgage Rates Update

November 23, 2009 by admin · Comments 

Rates for 30-year home mortgages approached the all-time low of 4.78 percent again last week, falling to 4.83 percent from an average of 4.91 percent a week ago. The 15-year rate did reach a new bottom, dipping from 4.40 percent to 4.32 percent – the lowest level since Freddie Mac began tracking rates in 1991. [...]

Video of the Terrazzo Condo Auction in Nashville

November 22, 2009 by admin · Comments 

This is video of Terrazzo condo #1407 during the by Accelerated Marketing Partners on Saturday November 21st, 2009. Condo #1407 was the 18th condo to be auctioned and sold for 62.82% of the original asking price.

Click here for a complete list of the condo auction results.

The Terrazzo Auction Results

November 21, 2009 by admin · Comments 

The results of the Terrazzo auction are in and it appears that my predictions are right on target. 25 condos sold at an average price of $233.01 per foot with a couple of sales reaching over the $250/ft mark. The average total price of $283,600 represents 62.48% of the original asking prices at Terrazzo.
Approximately 220 [...]

Nashville Terrazzo and West End Condo Auctions

November 20, 2009 by admin · Comments 

Both the Terrazzo and the West End condo auctions are set to occur in the next 2 weeks. The Terrazzo auction will happen tomorrow, Saturday November 21st at 1:00pm at the Renaissance Hotel in downtown Nashville. The West End auction is scheduled for Saturday December 5th at a yet undetermined time in the West End [...]

Nashville Mortgage Rates at Lowest Level in Five Weeks

November 17, 2009 by admin · Comments 

The 30-year fixed mortgage rate fell to 4.91 percent for the week ended Nov. 12, , down from an average of 4.98 percent a week earlier, and has now been below 5 percent for five of the last seven weeks, reports Freddie Mac. Also, 15-year fixed loans fell to 4.36 percent from 4.40 percent; five-year [...]

Advice for Nashville Condo Buyers

November 16, 2009 by admin · Comments 

Quite a few people have been calling, emailing, Facebooking, instant messaging, tweeting and texting me with a million different variations of basically the same two questions. 1) I am a potential condo buyer, where can I buy the best deal in Nashville and 2) Which building(s) are the safest for condo investment?
General advice for condo buyers
Now [...]

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